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What is line 4c on w4?

Extra withholding Line 4c: Extra withholding. If your employee wants to have additional tax withheld each pay period, they can enter the withholding amoun...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

When to file joint tax return with deceased spouse?

In that case, you’d file a joint return with your new spouse and file your deceased spouse’s return as Married Filing Separately. If your spouse died in 2...

How much did A, B and C invest in 2018?

During 2018, A, B and C made additional investments of P500,000, P200,000 and P300,000, respectively. At the end of 2018, A, B and C made drawings of P200...

What jobs can a handyman legally do?

Regardless of the overall project cost, the handyman must acquire a specialised licence for jobs that include air conditioning and refrigeration, electric...

What is issued when a business receives cash from customers?

You record cash receipts when your business receives cash from an external source, such as a customer, investor, or bank. When you collect money from a cu...

Can an estate deduct paid inheritance tax?

Estates cannot deduct paid inheritance tax because inheritance taxes are incurred after the estate is settled. While the federal government provides a gen...

What does mean by total equity?

In essence, total equity is the amount invested in a company by investors in exchange for stock, plus all subsequent earnings of the business, minus all s...

Is processing fee included in loan amount?

Processing fee is a one-time charge to be paid by a home loan borrower to the bank or NBFC. The processing fee for Home Loan is charged to cover the costs...

Is it good to own your home outright?

When you own a house outright, you cannot get upside-down on your mortgage loan. There’s no risk of being forced to stay in the home simply because you ow...

Is healthcare included in payroll?

Employer-paid premiums for health insurance are exempt from federal income and payroll taxes. Additionally, the portion of premiums employees pay is typic...